Sharp 2006 Annual Report Download - page 34

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284 284
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33
deposits over three months and bonds and others, decreased by
¥14,970 million to ¥46,533 million. Inventories stood at ¥336,344
million, up ¥10,621 million. The inventory ratio against monthly
turnover was 1.4 months, an improvement of 0.1 months.
Finished products were down ¥15,296 million to ¥164,706 million,
work in process was up ¥18,862 million to ¥82,625 million, and
raw materials were up ¥7,055 million to ¥89,013 million.
Plant and equipment increased by ¥63,031 million to
¥896,913 million due mainly to investment in the Kameyama Plant.
Investments and other assets stood at ¥268,513 million,
up ¥37,982 million due primarily to an increase in investments
in securities.
[Liabilities]
Current liabilities increased by ¥15,533 million over the previ-
ous year-end to ¥1,195,054 million. Short-term borrowings
decreased by ¥83,556 million to ¥280,995 million. Of this amount,
bank loans decreased by ¥20,163 million to ¥85,027 million, com-
mercial paper increased by ¥7,880 million to ¥173,617 million and
current portion of long-term debt decreased by ¥71,264 million to
¥22,280 million due mainly to the redemption of unsecured
straight bonds. Notes and accounts payable were ¥691,756 mil-
lion, an increase of ¥77,918 million.
Long-term liabilities were ¥257,601 million, up ¥65,310 million
from the previous year-end. This was due mainly to an increase of
¥80,681 million in long-term debt from the issuance of unsecured
straight bonds, despite a decrease of ¥16,457 million in allowance
for severance and pension benefits.
Interest-bearing debt was ¥522,469 million, down ¥2,866
million.
[Shareholders’ Equity]
Retained earnings increased by ¥63,247 million over the previ-
ous year-end to ¥668,687 million, due mainly to the increase in net
income. Net unrealized holding gains on securities increased by
¥14,659 million to ¥27,992 million due to the increase in stock price
of shares held. Foreign currency translation adjustments generated
a gain of ¥16,994 million owing to variation in the year-end
exchange rate. As a result, total shareholders’ equity increased by
¥94,584 million to ¥1,098,910 million, while the equity ratio was 42.9%.
Cash Flows
Cash and cash equivalents at the end of the year were
¥299,466 million, an increase of ¥4,154 million over the previous
Ratio to monthly turnover
Depreciation and
Amortization
Capital Investment Total Assets Inventories
(billions of yen) (billions of yen) (billions of yen) (billions of yen) (month)